Deconsolidation of operations in Venezuela places heavy burden on SKG’s annual result

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With a net loss totalling €639m, Irish Smurfit Kappa Group (SKG) spurred red ink in its 2018 financial year despite good performance in the paper and packaging business. The primary reason for this deterioration was the deconsolidation of the Venezuelan Smurfit Kappa operations in the third quarter after seizure by ...

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